Empployment Offers

The last time that AEA reviewed the quarterly charges was in February/March.

Since then a number of other blocks have been completed and should now be contibuting to the srevice charges, but no adjustments appear to have been made. I am therefore contacting Rosa to ask when they intend to revise the conrtibutions   (Dont hold your breath for  a quick response)

Regards

Michael

I may have got this wrong but isn't it the case that the developer picks up the fees for unsold units so proportionately we cannot expect our charges to change as more units are sold.

Steve

Maybe I've got it wrong too, but as the developer is meant to pick up the fees for all the uncompleted apartments that have been released (ie those that have received the LFO) then how are the fees going to reduce, other than the fact that they have realised after the first effective year of running costs that their first estimates may have been over/under estimated?  It will take a couple of years at least to allow the community to decide whether all the appropriate actions have been taken to ensure we are being economic with our contributions, but until the whole development is finished, and whilst RyF are meant to be contributing towards the community fees for all those apartments unsold, but which are in phases already released, how can the community fees reduce?  If you work out the budget, from what each of us are paying and the number of apartments, it does seem to include RyF's payments into the community fees.  As I've said before, I get a bit confused about this, so what do you think?

As far as I am aware Rosa said at the March meeting that the developer was picking up the bills for all finished unsold properties. It did not seem to include those blocks that had yet to be finished.

I have emailed her to clarify and will post her reply in due course.    (however I will be unavailable from 15/9 to 5/10)

 

Rosa has confirmed that RYF do pay the fees for those units released but not sold ie the ones they have the voting rights on.

If more units are released and the community pot gets bigger then the assumption is that the costs might increase but not at the same rate as the community pot , hence the contributions for each of us can be reduced as there are more of us paying. And this logic has prevailed twice in the last year as I know so I would expect it to continue and our fees are reduced.